Question 1

Given the following data:
  What are the values of:
a)Net investment

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  What are...

Question 2

Explain how GDP can be understated.

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Question 3

Distinguish between personal income and disposable income.

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Question 4

Define GDP.

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Question 5

If the value of production is $1,000,aggregate expenditure is $950 and ending inventory is $250.What is the value of beginning inventory?

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Question 6

What is net foreign factor income?

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Question 7

You are given the following data for Country ABC:
  What is the value of GDP?

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Question 8

Which of the following are market activities?
a)sale of a bond
b)service of homemakers
c)volunteer services
d)purchase of illegal substances
e)purchase of a common stock
f)sale of used car

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a)sale...

Question 9

If gross profits are $100,corporate taxes are $20 and undistributed corporate profits are $35,then what is the value of dividends?

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Question 10

What does HDI measure? What factors are included in the HDI?

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Question 11

You are given the following data for the country of Cedar.
  a)What is the value of GDP?
b)What is the value of national income (net national product at factor costs)?

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Question 12

If the value of production is $2,000 and the inventory increases by $100 for the period.What is the value of aggregate expenditure?

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Question 13

Explain why transfer payments are not included as part of government expenditure.

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Question 14

What are the four components of spending?

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Question 15

Given the following data:
  Put the following national income statistics in order of size (from largest to smallest):
GDP
National income
Net domestic income

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  Put the...

Question 16

If National Income is $1,000,undistributed corporate profits are $150,corporate taxes are $75,other income not paid out is $100 and personal income is $1,050.What is the value of government transfer payments?

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Question 17

Which of the following is including in the calculation of Canadian GDP?
a)The earnings of a Canadian living in Mexico and working for a Mexican firm.
b)The earnings of a Canadian living in Canada and working for a Canadian firm.
c)The earnings of a Mexican living in Mexico and working for a Mexican firm.
d)The earnings of a Mexican living in Canada and working for a Canadian firm.

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Question 18

Distinguish between an intermediate and final good.Give an example of each.

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Question 19

The following are some of the national income accounts for the country of Alder (all figures are in $billions):
  From this information,find the value of:
a)consumption
b)GDP
c)national income

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Question 20

You are given the following data for the country of Poplar:
  a)What is the value of personal income?
b)What is the value of disposable income?

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Quiz 3: Measuring the Economy 1: GDP and Economic Growth

Given the following data: What are the values of: a)Net investment

Explain how GDP can be understated.

Distinguish between personal income and disposable income.

Define GDP.

If the value of production is $1,000,aggregate expenditure is $950 and ending inventory is $250.What is the value of beginning inventory?

What is net foreign factor income?

You are given the following data for Country ABC: What is the value of GDP?

Which of the following are market activities? a)sale of a bond b)service of homemakers c)volunteer services d)purchase of illegal substances e)purchase of a common stock f)sale of used car

If gross profits are $100,corporate taxes are $20 and undistributed corporate profits are $35,then what is the value of dividends?

What does HDI measure? What factors are included in the HDI?

You are given the following data for the country of Cedar. a)What is the value of GDP? b)What is the value of national income (net national product at factor costs)?

If the value of production is $2,000 and the inventory increases by $100 for the period.What is the value of aggregate expenditure?

Explain why transfer payments are not included as part of government expenditure.

What are the four components of spending?

Given the following data: Put the following national income statistics in order of size (from largest to smallest): GDP National income Net domestic income

If National Income is $1,000,undistributed corporate profits are $150,corporate taxes are $75,other income not paid out is $100 and personal income is $1,050.What is the value of government transfer payments?

Distinguish between an intermediate and final good.Give an example of each.

The following are some of the national income accounts for the country of Alder (all figures are in $billions): From this information,find the value of: a)consumption b)GDP c)national income

You are given the following data for the country of Poplar: a)What is the value of personal income? b)What is the value of disposable income?